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Dec 9, 2013
12/13
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BLOOMBERG
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regulators hunting american tax evaders. of ing us more is ben jones team that specializes in international corporate tax issues. great to have you on the program. a k to us about how this is turning point. it started a couple of years ago when we realized that swiss were to the point where people could put their money is a turning e point today. >> today and in the coming weeks months is a real turning point because over the last been a f years there's growing pressure from the u.s. information about u.s. account holders and enerally for countries such as switzerland but specifically they have been talking to witzerland to engage more proactively with the international information that are growing in force in the tax world. the is is not only about u.s. but u.s. today because the is saying you should sign up or you risk big fines on you. a collective conscience of asking more and to reveal bank accounts. >> this is a global issue. very stronglyiven by the u.s. because they have clout to ic power and do so. but you will see
regulators hunting american tax evaders. of ing us more is ben jones team that specializes in international corporate tax issues. great to have you on the program. a k to us about how this is turning point. it started a couple of years ago when we realized that swiss were to the point where people could put their money is a turning e point today. >> today and in the coming weeks months is a real turning point because over the last been a f years there's growing pressure from the u.s....
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and and his reason be easy to to collect if you were to translate ireland's carbon tax into. dollars or euros for ton of carbon and it could do you know you have a sense of or or even an exact number for what that would be and how by comparing i think it has been taxes you know a little. roughly twenty five dollars a ton twenty twenty euros a time whatever the current exchange rate is so we originally set it up i suppose to mirror the european union has another way of pricing carbon called emissions trading scheme and we set it up to mount. mirror that in that price that exists across europe now the emissions trading scheme the sun since fall into a very low price but our carbon price history to saying i would start consistency that you know it's twenty euros a ton and whatever different application that applies it raises about four hundred million euros a year in tax revenue and in terms of iran's going through different economic situations that we needed to balance our budget and the carbon tax i suppose provided about twelve percent of the adjustment we needed to make on t
and and his reason be easy to to collect if you were to translate ireland's carbon tax into. dollars or euros for ton of carbon and it could do you know you have a sense of or or even an exact number for what that would be and how by comparing i think it has been taxes you know a little. roughly twenty five dollars a ton twenty twenty euros a time whatever the current exchange rate is so we originally set it up i suppose to mirror the european union has another way of pricing carbon called...
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Dec 7, 2013
12/13
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FOXNEWSW
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it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his policies to blame. welcome to forbes on fox. let's go in focus with steve forbes and others. steve, have his policies helped or hurt income disparity? >> it's hurt. this is the most miserable recovery in american history. medium incomes are lower than they were five years ago, the uncertainty of obama care, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to
it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his...
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lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on top of that he's saying oh and by the way the people who are unemployed after after twenty six weeks. now is the time i was there and all and i know you believe i know you hate freedom but here's the thing is that people in the united states need freedom and the thing that you know the only way you're going to have your activity somebody is no more free when they're unemployed and they lose their unemployment benefits say your definition of freedom well i'll tell you what's my definition of freedom and that's your defi
lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on...
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the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what we're talking about, we're talking about e thing -- >> no, no, no, that's part of it -- >> you need more money, you have other resource, why to you need more money? >> you do need more because since 2008, the general fund has contributed $41 billion to the federal highway trust fund. you're asking people, you're basically -- drivers are not paying their way -- >> wait, let me just finish one thing -- >> wait, let me -- >> i pay 12 bucks a day. i'm not using up -- >> you don't know that for a fact. we are not paying -- >> so you are for what this congressman -- you're agreeing with a guy who has a bi
the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what...
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in the car tax side we did some other measures around car tax to kind of help that happen and i suppose the message the public when it's not popular it's not easy to introduce it but every new irish car going into the to buy gasoline is spending twenty five percent less than i would have been had we not sent those sort of price signals so it's not easy to introduce you know no one should underestimate the difficulty but the benefit for the consumer is that if through those signals you can cut out the wasteful use of energy and everyone saving money in it more than covers the cost of the carbon tax in the first grades even ryan thanks so much for being with us. thank you david. coming up president obama has the chance to make a deal with iraq but he's got to watch out as republicans are ready to do what they do best and that's sabotage trouble explaining to tonight's daily to. mind. and i'm. just. plus i was a new alert and. scared me a little bit. there is breaking news tonight and they are continuing to follow the breaking news. alexander's family cry tears of the war i. think. that ha
in the car tax side we did some other measures around car tax to kind of help that happen and i suppose the message the public when it's not popular it's not easy to introduce it but every new irish car going into the to buy gasoline is spending twenty five percent less than i would have been had we not sent those sort of price signals so it's not easy to introduce you know no one should underestimate the difficulty but the benefit for the consumer is that if through those signals you can cut...
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Dec 7, 2013
12/13
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CSPAN
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and tried to get
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control...
SFGTV: San Francisco Government Television
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Dec 3, 2013
12/13
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SFGTV
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and typical with various affordable funding sources, ocii funds, tax credit equity, tax exempt bonds, iig, which is infill and infrastructure grant funding. the population who will live at the senior housing ing development are seniors aged 55 years and older. if must believe at or that would be $35,450. 37 of the units will be targets at or $21.250 for a one person household. all 120 affordable housing units will have the residents paying no more than 30 percent of their limited income towards rent. priority pop haitians will be the /praoefsly stated alice griffith residents, /sert certificate preference and potential referrals entities include the southeast community health center and the providence foundation. quickly, the development consists of two wings. the subject development is on lot 42, the building includes the housing lobby, the senior center lobby, offices for the senior staff. there's also to the rear of the development landscaped courtyard and potentially vegetable herb garden for the seniors to work in. interior development consists of 117 one of those is a managers u
and typical with various affordable funding sources, ocii funds, tax credit equity, tax exempt bonds, iig, which is infill and infrastructure grant funding. the population who will live at the senior housing ing development are seniors aged 55 years and older. if must believe at or that would be $35,450. 37 of the units will be targets at or $21.250 for a one person household. all 120 affordable housing units will have the residents paying no more than 30 percent of their limited income towards...
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Dec 3, 2013
12/13
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KPIX
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man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law unconstitutional. but the u.s. supreme court has decided to let a similar stand in new york. here in california the law went into effect last year requiring companies like amazon to collect tax at the time of purchase. >> regardless of whether they charge, you have to pay the tax. if it's not a sales tax at the time of purchase, you're supposed to keep your receipts and pay a use tax at the end of the year. nobody does it. >> reporter: but buyer beware. while henchman says for now the state is only likely to go for you on taxes like big items like cars or art, when it comes not fluctuating ec
man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law...
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when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and again these poll significances say we do want pro growth economic policies but they show up in washington d.c. and i think they got some kind of stockholm syndrome where they do their krony capitalism to redistrict and that doesn't work. mike is right. all new job creation over the last decade or so comes from the small business startups and, boy, they're g
when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during...
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Dec 10, 2013
12/13
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FBC
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the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit you hard by april 15 the next year. most people are flying under the radar, they don't know and they're going to be in for a rude awakening. he won a lot of people are running their taxes ahead of time, trying to figure out what this is going to be. and what we are hearing is that more and more people are going to be paying 50% of their income or more in taxes and i means one out of every $2 to the tax man? >> it easily can get into that kind of range. so you have a couple weeks left in the year, a couple of moves and is not enough, think positively and take a little t
the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit...
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us about that. >> the new tax bracket starts at 39%. so the bracket kicks in for taxpayers that are over for under 50,000 or 500. that is an increase from 35%. that's a huge increase. gerri: let's talk about the medicare taxes. in a new medicare tax rate of 0% tell us about that. gerri: the increase relates to earn income. that is on top of the social security increase that you had in the beginning of the year which is a 2% increase. many people were surprised. now you have that additional. he also have non income related to investments such as interest, dividends, capital gains, eff
we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us...
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Dec 4, 2013
12/13
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FOXNEWSW
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if you construction your taxes so you don't get a tax refund, so you just pay taxes, presumably you won't have a fine. so people are going to game the system because frankly they can't afford. it i talked to a restaurant owner over the weekend. owns nine restaurants. he told me he's forcing good and decent people who follow the rules to be corrupt. he said, i don't want to be corrupt, nobody does, but how do we stay in -- >> it stumbles on, this law. are your colleagues hoping it dies of its own weight? that's easier said than done. >> i hope it goes away. i'm the author of the bill to repeal obama care. we want this to go away because it's killing jobs in this country. killing the economy. it's hurting people's lives in a real-time basis. middle class -- >> does it -- sorry, ma'am, does it bug you when democrats go, yeah, they're going at bashing, but they don't have a plan of their own. there are half a dozen plans -- >> more than that. >> republicans, some say, want to annihilate this and do nothing in return. >> it's political. if you want to address the situation, do one thing -- let
if you construction your taxes so you don't get a tax refund, so you just pay taxes, presumably you won't have a fine. so people are going to game the system because frankly they can't afford. it i talked to a restaurant owner over the weekend. owns nine restaurants. he told me he's forcing good and decent people who follow the rules to be corrupt. he said, i don't want to be corrupt, nobody does, but how do we stay in -- >> it stumbles on, this law. are your colleagues hoping it dies of...
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1.6K
Dec 2, 2013
12/13
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LINKTV
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whose philosophy of tax, tax, tax, agaispend, spend, spend,iticians and insensitive buaucratsion. elecisankruptingd elect we the american people, and the me hasometo put ato how did proposition 13 affect local governmentervices? los angeles cityouncil esident, pat russe. we cut our property tax by 2/3-- that was $200 million out of our budget-- just about 20%. we lost about 4,000 employees over the period of the next year. we cut back on nearly all of our services. the priorities of the city were to maintain police and fire services. that meant that as you got down the line, libraries and parks were severely cut back. tree trimming went out the window, except on emergency street repair... the things that make a difference in your daily life. dire predictions that permeated the campaign byhe opponents of prop 13-- they didn't come true. there were not massive employee layoffs. there was enough flexibility in government to handle the direct impact of 13. there was not an immediate crisis in government. the changes were more subtle. the government did not grind to a halt. despite the
whose philosophy of tax, tax, tax, agaispend, spend, spend,iticians and insensitive buaucratsion. elecisankruptingd elect we the american people, and the me hasometo put ato how did proposition 13 affect local governmentervices? los angeles cityouncil esident, pat russe. we cut our property tax by 2/3-- that was $200 million out of our budget-- just about 20%. we lost about 4,000 employees over the period of the next year. we cut back on nearly all of our services. the priorities of the city...
SFGTV: San Francisco Government Television
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Dec 8, 2013
12/13
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SFGTV
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greg coto from the office of the treasurer and tax collector. lisa summed it up very well what the resolutions do. they just bring the moscone expansion district and the tourism improvement district assessment collection in line with the transient occupancy tax collection so hotels can file all on one filing and get that taken care of and be compliant with the assessments and the tax. >> thank you. much appreciated. okay. supervisor mar any questions? okay. we don't have a budget analyst report for six or seven either so we will move to public comment. anyone wish to comment on these items? seeing none public comment is closed. >> move the recommendation. >> so can we have a motion to accept the amendments without opposition and the underlying items and without opposition as well. madam clerk we're going to skip item eight and call that later on in the calendar so could you please call item nine. >> item nine is a resolution authorizing mayor's office of housing and community development to accept and expend infill infrastructure grant from the
greg coto from the office of the treasurer and tax collector. lisa summed it up very well what the resolutions do. they just bring the moscone expansion district and the tourism improvement district assessment collection in line with the transient occupancy tax collection so hotels can file all on one filing and get that taken care of and be compliant with the assessments and the tax. >> thank you. much appreciated. okay. supervisor mar any questions? okay. we don't have a budget analyst...
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Dec 3, 2013
12/13
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FOXNEWSW
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we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax goes up. >> let's find out where it went and if it's not enough, we can allocate every penny. have at it. but it's wrong. >> thank you very much. again, folks, this comes down to -- take it from the geeks here at fox. money in and money out. we're getting a lot of money coming into the country, a lot of it from all sorts of folks, including you. so the problem is not all the money coming in, it's all the money going out. this is endem nick of what is wrong in the country. we're big on proposing more money to throw at problems but never looking at the money we have already thrown at that problem.
we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax...
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a tax to end all taxes. what a dumb democratic congressman issa cooking up that could have you coughing up. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest engy investor. our commitment has never been stronger. i as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ malennouncer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, l
a tax to end all taxes. what a dumb democratic congressman issa cooking up that could have you coughing up. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest engy investor. our...
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Dec 2, 2013
12/13
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CSPAN
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their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for that. but if that is the only message and we don't connect that to working-class voters -- by the way, in 1994 when we took over, we owned as a party working- class voters making like 30,000 dollars to $60,000. we dominated that area. >> your point about ronald reagan speaks to that. reagan was a child of goldwater. that is what inspired me to get politics. anti-big government, anti-communism. bad ideas, right? e fit our conservative principals to his day. it, dded something to economic determinism, optimism. we can do and be anything we want. there's a shining city out t
their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for...
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Dec 8, 2013
12/13
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CSPAN
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and try to
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents...
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Dec 5, 2013
12/13
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BLOOMBERG
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eye 88
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if you tax a shareholder, you are taxing the alternate beneficiary area >> as an ordinary rate. >> and they are clipping coupons. they are not hiring people. >> and corporations are doing that. >> you take their rate to zero. all this money to talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they are not bringing it to the 35% rate. do you think this has a chance in hell of being politically viable? worse question. is the reason you are going to all these campuses is you want to create some kind of political action that might result in having a chance in hell? >> the second question, i want to shine a light on this issue. i am desperately hoping the young people will start a movement. you i want to start a movement? i do not think i am capable. do i think i can articulate the facts? and have i seen them respond that someone else can start a movement? yes. they were instrumental in getting gay marriage passed. they are moving the needle on the environment. this thing is similar. >> on both of those issu
if you tax a shareholder, you are taxing the alternate beneficiary area >> as an ordinary rate. >> and they are clipping coupons. they are not hiring people. >> and corporations are doing that. >> you take their rate to zero. all this money to talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they are not bringing it to the 35% rate. do you think this has a chance in hell of being...
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Dec 4, 2013
12/13
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KQED
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but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding for bridges and roads that comes from washington will go bust. >> the bottom line is that we are in a downward spiral. what it means is the federal government is not going to be able to help states and locallities maintain what they've got. it means that people will pay with less safe driving conditions. >> does the gas tax generate enough revenue for the state of oregon to maintain its roads properly? >> no. just plain no. >> vicky say republican member of the oregon house. she says as the state's residents buy even more efficient cars and less gas, the budget crunch is only going get worse. but she t
but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding...
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of americans pay or no income taxes now you re going to take as ailes tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but romney would like that which struck me as a guy who wants to talk about romney well i've romney was an example he's met he's met it's all these other guys you know quarter to three quarters of the most profitable corporations in america pay no taxes most of most wealthy people in america people who are have an entitled over a million dollars a year are paying very wonder if you're considering how to get more people up to that category and try to write on how to not the people down to the plate place where they are having to pay all these things i would like to see a relative i don't i don't i know you don't i know you want to be millionaires and you are the poor people and i think they don't think we have too m
of americans pay or no income taxes now you re going to take as ailes tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but romney would like that which struck me as a guy who wants to talk about romney well i've romney was an example he's met...
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seven percent of americans pay no income taxes now you re going to say he has ales tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but that would shock me as a guy who wants to talk about romney well i've romney was an example he's met he's met it's all these other guys you know quarter to three quarters of the most profitable corporations in america pay no taxes most of most wealthy people in america people who are have an entitled over a million dollars a year are paying very wonder if you're going to figure out how to get more people up to that category and try to write down how to not the people down to the plate place where they are having to pay all these things i would like to see a relative i don't i don't i know you don't i know you want to be millionaires and you are the poor people and i think you know that we have got a
seven percent of americans pay no income taxes now you re going to say he has ales tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but that would shock me as a guy who wants to talk about romney well i've romney was an example he's met he's...
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your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. daymac new home sales surging in october taking home builder stocks with them. nicole petallides is at the stock exchange. >> helped to bring them off of the lows of the day, they are not far off of the unchanged line but the new home sales numbers came in and beat the street expectations with a rise of 20.4% to 440,000 beating the estimate of 426,000. of up arr
your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of...
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free zones were not or that's not true or he were taxed might already taxes him we're going to talk about unemployment here's the thing he's basically cutting taxes in those areas where they haven't had one ride tracks tax breaks for corporations ever since you know reagan came into office it doesn't. you're the last you said you want to have it was not trying to get rid of all the taxes he's trying to lower them to five percent for personal and corporate taxes which is the same this would save one week one of them for the middle seventy four percent down to twenty eight percent a year but the thing is and it exploded the deficit it's only happening in luxor is what they have been over twelve percent unemployment rate so we're talking about highly distressed areas wouldn't you like to see tax cuts go at least to those areas where people are hurting the most where unemployment is the highest tax cuts that have not worked so we've got a policy that for thirty two years we've tried over and over and over again every time we try it it makes things worse and you say oh yes let's do more
free zones were not or that's not true or he were taxed might already taxes him we're going to talk about unemployment here's the thing he's basically cutting taxes in those areas where they haven't had one ride tracks tax breaks for corporations ever since you know reagan came into office it doesn't. you're the last you said you want to have it was not trying to get rid of all the taxes he's trying to lower them to five percent for personal and corporate taxes which is the same this would save...
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Dec 9, 2013
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as unpopular as thatchers poll tax? accepts that when you make a change from one system to another, there are hard cases that need to be dealt with professionally. the discussion. a housing spokesman has declared recently that the department will be tougher on welfare. yet that side of the house has opposed 83 billion pounds worth of welfare savings. are they cuts or are they not? -- or are they nothing? >> as you will know more than many, over the last three years, the leadership has shown a lamentable failure to provide consistent information to residents affected by the phase -- to residents evicted by the phase one proposal. in my constituency, they are holding a roadshow to tell my constituents about phase two. will he work with his honorable colleagues in government to ensure phase two provides decent compensation to everyone affected? >> i know he has strong views on this because of the way that hs- 2 may affect his constituency. of course, i agree with him. not only should full compensation be available, but als
as unpopular as thatchers poll tax? accepts that when you make a change from one system to another, there are hard cases that need to be dealt with professionally. the discussion. a housing spokesman has declared recently that the department will be tougher on welfare. yet that side of the house has opposed 83 billion pounds worth of welfare savings. are they cuts or are they not? -- or are they nothing? >> as you will know more than many, over the last three years, the leadership has...
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Dec 9, 2013
12/13
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lady knows thee respective views of the coalition on the so-called merhige tax -- marriage tax. i would point out to her that, , it is government raising the point to which the book pay income tax, which is disproportionately beneficial to women. 1.5 million women would be better off with our change. it is this government that is dividing more affordable places over the last 13 years -- then over the last 13 years under labor. we are waiting for high-speed broadband. we had really good news in somerset. 80% of my constituency will be connected by 2016. over 8000 properties will not be. they are the so-called last 10%. will we commit the funds to set aside to finish the job? we do not want complex systems. we do not want macs funding. we just want the job done. investing over 32 million pounds already in extending the coverage of superfast broadband as part of the current rural broadband program. over 10,000 premises are expected to be covered by the end of the year and 74,000 by next july. wehis point, the final 10%, announced back in june a quarter of a billion pounds to extend
lady knows thee respective views of the coalition on the so-called merhige tax -- marriage tax. i would point out to her that, , it is government raising the point to which the book pay income tax, which is disproportionately beneficial to women. 1.5 million women would be better off with our change. it is this government that is dividing more affordable places over the last 13 years -- then over the last 13 years under labor. we are waiting for high-speed broadband. we had really good news in...
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Dec 9, 2013
12/13
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the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. calle
the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a...
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Dec 4, 2013
12/13
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if you tax the shareholder you're taxing the ultimate -- >> rose: at ordinary income rates. >> yes. and they're clipping coupons, they're not hiring people, they're not engaging in spending. >> rose: and corporations are doing that. >> and take their trite 0. by the way all this money they talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they're not even bringing it back to the 35% rate. >> rose: can you think this has a chance in hell of being politically viable? first question. second question, is the reason you're sitting at this table going to campus is is because you want to create some kind of political action that might result in it having a chance in hell? >> the second question: i want to shine a light on this issue and i am desperately hoping the young people will start a movement. do i want to start the movement? i don't think i'm capable. do i think i can articulate the facts and have i seen them respond that somebody out there could start a movement in yes. in my opinion they were instr
if you tax the shareholder you're taxing the ultimate -- >> rose: at ordinary income rates. >> yes. and they're clipping coupons, they're not hiring people, they're not engaging in spending. >> rose: and corporations are doing that. >> and take their trite 0. by the way all this money they talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they're not even bringing it back to the 35% rate....
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Dec 3, 2013
12/13
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just a tax audit standings. he has not happened in france the union in this manner year in tax and friends to ten million of expanding on his route has been driving listening to seventy eight also assume and he said. i think it's them. it's reading about it so it will be about three to seven person that he did he's here. anyways the last team to knock off that i announce our massive massive cuts in spending and is neatly wrapped and in the room and didn't end there is no roasted and its gdp not turning them into the messiah at the side of the state with the new economy is growing and that's when we went. and i were to the effect of extending western where's the money went to print ad in france that was the case. i'm currently at the end when the times because we put less money into service ads and we weave. we pray only to the debt. we were not investing in anything smart or what not that we were putting pressure on wages and it's always the i mean like what you're saying is that. i mean how could that get them
just a tax audit standings. he has not happened in france the union in this manner year in tax and friends to ten million of expanding on his route has been driving listening to seventy eight also assume and he said. i think it's them. it's reading about it so it will be about three to seven person that he did he's here. anyways the last team to knock off that i announce our massive massive cuts in spending and is neatly wrapped and in the room and didn't end there is no roasted and its gdp not...
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a tax to end all taxes. what a dumb emocratic congressman issa cooking so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. neil: if the democratic congressman earl blumenauer gets his way, taxes will double to about 33.4 cents per gallon. so calm down. anyway, he sas it is to pay for poorly funded transportation and he also said it is high time since th federal gas tax has been high. i so do it, are you okay this? >>
a tax to end all taxes. what a dumb emocratic congressman issa cooking so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs...
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i have a constructive suggestion we always get our tax to use the roads. we use the gas tax. back in the old days all the stars at 50 miles to the gallon. if we will tax according damage people use the roads as according to how much gas to use which is what they're really proposing, the people with these high-mileage tabriz should have to pay twice the sales tax as someone with a gas guzzler. it is the same where and tear on the roads. what really troubles me is how much they waste the gas tax money. we spend enough on the road, but it gets wasted because of federal money, whenever there is federal money involved we have to hire unionized workers. those wages are so out of whack with the market price that we can never afford the roads. melissa: i don't know. uni have been covering this for ever. we always said the only cure for high prices as high prices. they were really high. we did everything we could to fix that, drilling more, driving less, doing all this stuff. the government comes in and picked my pocket anyway. >> i'm telling you. and every mile that we drive right no
i have a constructive suggestion we always get our tax to use the roads. we use the gas tax. back in the old days all the stars at 50 miles to the gallon. if we will tax according damage people use the roads as according to how much gas to use which is what they're really proposing, the people with these high-mileage tabriz should have to pay twice the sales tax as someone with a gas guzzler. it is the same where and tear on the roads. what really troubles me is how much they waste the gas tax...
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Dec 3, 2013
12/13
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tax at the end of the year. not a lot of people do that. >> brick and mortar stores have long complained they are losing business to online retailers because shoppers aren't forced to pay taxes online. >>> 5:39. the new york commuter train that derailed killing four passengers was speeding. all seven cars of a metro-north train ran off the tracks on a sharp curve in the bronx on sunday. the speed limit for the curve 30 miles per hour. the train was going 82 miles an hour at the curve. it's not clear what caused the crash. the engineer has been questioned. >>> autopsy results for actor paul walker could be released today. the movie star and a friend killed in a fiery crash over the weekend. there were reports the pair had been racing another car before the accident but as teresa garcia reports, investigators have ruled it out. >> reporter: this video obtained by "omg! insider" shows the crash and the explosion that created a huge plume of smoke and fire on saturday. the crash killed paul walker and the driver, pr
tax at the end of the year. not a lot of people do that. >> brick and mortar stores have long complained they are losing business to online retailers because shoppers aren't forced to pay taxes online. >>> 5:39. the new york commuter train that derailed killing four passengers was speeding. all seven cars of a metro-north train ran off the tracks on a sharp curve in the bronx on sunday. the speed limit for the curve 30 miles per hour. the train was going 82 miles an hour at the...
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and america provided the place for you to make it for you to get up and leave balance to greener tax pastures if you would think that everyone has the right to move where they want and i think it's important that we preserve that right but when it comes to the moral question that you asked for people who have benefited from anything in the united states from patent legislation to good roads to solid internet to anything like that certainly would make sense for for them to want to give back to a certain degree but i don't even think the fairness is just from the people who are running around to other countries like it's also for the people like i don't know presidential candidate mitt romney who are putting their money into tax havens so you could stay in the united states. and aspire to the highest office here and still be trying to hide away a lot of your money so to me it's like if you're moving away at least you're admitting like listen i don't want to be this money you know it legally when i don't. and i appreciate consistency about. that now check this out numerous high profile
and america provided the place for you to make it for you to get up and leave balance to greener tax pastures if you would think that everyone has the right to move where they want and i think it's important that we preserve that right but when it comes to the moral question that you asked for people who have benefited from anything in the united states from patent legislation to good roads to solid internet to anything like that certainly would make sense for for them to want to give back to a...
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Dec 10, 2013
12/13
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ALJAZAM
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point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also have a lot of concerned members about defense. the next hit was going to hit solely on the m
point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to...
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Dec 8, 2013
12/13
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[laughter] we are going to have to raise taxes. we are going to have to raise taxes. now in your proposal -- the book looks at this in some detail. just if people the sense how you think this should be done and made politically power double. >> first you have to recognize that where the taxes are headed without doing anything and what percentage of gdp are we headed to on that basis and that is above the historical tax levels of gdp. a seconsecond i think you have o recognize as to what would end up happening if we didn't end up making reforms sooner or later how high the taxes might have to go in order to stop. in the book we talk about how they would have to double between 2030 to 2040. double. the other thing is you have to recognize political reality. in my view the longer we wait to try to repost the budgetary controls we form the insurance contract and prioritize the constrained spending. the higher the taxes are going to go for three reasons. one, the miracle of compounding. number two, demographics. more people are going to be in n franchise than the existing
[laughter] we are going to have to raise taxes. we are going to have to raise taxes. now in your proposal -- the book looks at this in some detail. just if people the sense how you think this should be done and made politically power double. >> first you have to recognize that where the taxes are headed without doing anything and what percentage of gdp are we headed to on that basis and that is above the historical tax levels of gdp. a seconsecond i think you have o recognize as to what...
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tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's the problem. the president says let me tax houston, send it to washington, then i'll pass
tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making...
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Dec 9, 2013
12/13
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the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that comes into the treasury, and the benefits go out. and it's not, it's not as if beneficiaries, you know, when we talk about the, you know, the payroll tax being insufficient to cover benefits -- which it is right now, the program is running a deficit -- social security is able to receive sufficient funding by cashing in the bonds that it has in the trust fund, but that is an expense to to the treasury, another part of the government, which has to come up with the pun to cover those bond payments into the social security. so it is, you know, the bottom line is it really is part of the federal budget. we
the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that comes into the treasury, and the...
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worth you might want to join the growing number of wealthy folks taking advantage of more favorable tax nations now according to a u.b.s. and well fed ex billionaire since this whole billionaire hotspots such as singapore switzerland and hong kong have emerged as favored destinations for the ultra rich due to factors like quality of life good education and low taxes now in these third countries their billionaire populations grew up locally by only thirty six thirty four and twenty five percent respectively and the rest they came from afar now rachel i turn to you let's talk about this growing trend do you think it's fair let alone you know morally ok if you made your money here in the u.s. and america provided that place for you to make it free to get up and leave balance to greener tax pastures if you would think that everyone has the right to move where they want and i think it's important we preserve that right but when it comes to the moral question that you asked for people who have benefited from anything in the united states from patent legislation to good roads to the internet t
worth you might want to join the growing number of wealthy folks taking advantage of more favorable tax nations now according to a u.b.s. and well fed ex billionaire since this whole billionaire hotspots such as singapore switzerland and hong kong have emerged as favored destinations for the ultra rich due to factors like quality of life good education and low taxes now in these third countries their billionaire populations grew up locally by only thirty six thirty four and twenty five percent...
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Dec 4, 2013
12/13
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CNBC
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they are a tax cut for consumers. they are a tax cut for businesses. that is good for the economy and, therefore, that's good for the stock market. >> agreed, larry, but we had a $4 pop in crude oil. so i think they cut a lot of shorts on hand. it's all about this pipeline, this connection from cushing down to port arthur coming online in january. it caught these shorts on the run. now we're seeing this movement up. lower prices are better for the consumer but right now it seems like we're going test out and see if we can get back to 100. >> that's going change. that's just technical stuff. that's pipeline stuff. that will change and get straight end out. whether the keystone gets built or not is a different question. look, i don't think -- scott, i don't think this is goldilocks because to me goldilocks was 4% growth and 2% inflation. it is kind of mini, mini goldie lock, 2, 2.5% growth and 0% inflation. in that environment, long run investors which is the only kind of investing makes stones me, hang in there, ignore these blips and stay with it becau
they are a tax cut for consumers. they are a tax cut for businesses. that is good for the economy and, therefore, that's good for the stock market. >> agreed, larry, but we had a $4 pop in crude oil. so i think they cut a lot of shorts on hand. it's all about this pipeline, this connection from cushing down to port arthur coming online in january. it caught these shorts on the run. now we're seeing this movement up. lower prices are better for the consumer but right now it seems like...
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Dec 9, 2013
12/13
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the tax code has to be flatter and you need to de-special deal the tax code. that sounds easy, but when you get into the details, everybody balks. they might be for tax reform that lowers rates, expands the base and over time helps the economy. if you can put that together you have the possibility of a grand bargain. >> you sound like my president. why did you raise your hand when obviously that question was, are you willing to do a deal 10-1 positive for democrats, negative for republicans. >> when i was the governor, the question isn't will republicans never raise one dime of revenue, they have. what are you getting for it by way of reform and accountability and change? >> stay right there. we're going to try too finish this question up. i have a couple more questions for you. but next, the final question for both of you guys, i also want you folks at home to get involved. you can weigh in on today's fire-back question. do you support extending unemployment benefits for the long-term unemployed? we'll be back after this break. stick with innovation. stick wi
the tax code has to be flatter and you need to de-special deal the tax code. that sounds easy, but when you get into the details, everybody balks. they might be for tax reform that lowers rates, expands the base and over time helps the economy. if you can put that together you have the possibility of a grand bargain. >> you sound like my president. why did you raise your hand when obviously that question was, are you willing to do a deal 10-1 positive for democrats, negative for...
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Dec 10, 2013
12/13
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one thing about that is capitol gains taxes, taxed at a lower rate. and also if you look at wall street, and what's happening, in the dough jones and the s&p 500, you will see a lot of those returns are doing incredibly well. >> is there one thing that people at the middle income, or low income levels can do to dig themselves out? >> that's a great question. we focus on the individual, the one thing we really believe is that individuals have a tremendous power, to change their financial futures. if they just follow certain steps. everyone has a different story, things like living within their means. things that are much easier said than done, a lot of folks when there's a wide income gap, they will do a lot of things that they probably shouldn't. take out that second mortgage, put the pool in the backyard when you can't afford it. buy the bigger home when you can't afford it. there are so many things you can do for a specific individual, i suggest going to places like bank rate.com, where we have a lot of advisors, analyst, ways to help people. >> chr
one thing about that is capitol gains taxes, taxed at a lower rate. and also if you look at wall street, and what's happening, in the dough jones and the s&p 500, you will see a lot of those returns are doing incredibly well. >> is there one thing that people at the middle income, or low income levels can do to dig themselves out? >> that's a great question. we focus on the individual, the one thing we really believe is that individuals have a tremendous power, to change their...